If you can buy at 51.5c now and then get 53c by February - you'll get a 3% return in just three months.
On an annualised basis that is a return of about 12%.
Given the low likelihood of the deal falling over, given due diligence has been completed, the buyers clearly have funding, the shareholders are most likely very willing to sell - an annualised 12% return for the low level if risk I think could be compelling for many.
Sure there might be other stocks that could make you more money, but the is the risk of losing money there too.
ICQ Price at posting:
51.3¢ Sentiment: Buy Disclosure: Held
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